Following on from the previous episode, this is part 2 of the debate.
There’s been a few potential Super changes put forth by the Albanese government lately and I wanted to get two different viewpoints on the podcast to debate the pros and cons of the changes. I also wanted to talk about Super as a high-level concept.
What exactly is Super?
What’s the purpose of Super?
Is Super fulfilling its job? etc.
We have two returning guests joining in today’s discussion. CIO of The Motley Fool Australia, Scott Phillips and Economist Dr Cameron Murray. I’m playing moderator between these two as they give their different opinions on some of the following topics:
- Are you for or against opening up Super to allow members to buy a home? (00:01:33)
- Is confidence being eroded when the government keeps tinkering with the system? (00:08:20)
- Is it just the rich getting richer? (00:15:08)
- Is it a good idea for the government to invest in capital projects? (00:18:43)
- The proposed Super cap (00:31:35)
Thanks for the thought-provoking Podcast.
I am 39 but it was always drummed into me during the 90s and 2000s, that the purpose of Super was around Australia’s ageing population.
The story/narrative was along the lines of this. Post War 2 the population and birth rate exploded during this time. After this the population although it increased overall, the percentage of the overall population was older. Come the 2020s there would be an explosion of old people. This is also due to people living longer. The issue was there would be more people over 65 than at working age. Since taxes already went up to 47% on personal incomes. The government could not tax the working population more and also provide everyone with a Pension.
I would have loved you to ask the guests about this and the role of demographics in the super argument.
Fantastic 2 parter, I’m a huge fan of Cameron and Scott already, so I enjoyed the debate. It would be great to have them battle it out on other topics too. Thanks for the Pod – awesome as always.